Parking Sensors Market | Worldwide Top 10 Manufactures Analysis (Bosch, DENSO, Valeo, Proxel, Texas Instruments, NXP Semiconductors etc.) & Witness Growth In 2018 is Expected to Generate Huge

Industry Highlights

Parking sensors could be defined as the proximity sensors which are needed in the automotive to assist the driver to park the vehicle safely and hassle free. The sensors used are the Advanced Driver Assistance Systems (ADAS) that helps the driver by giving an alert signal when there is an obstacles. Parking sensors assembles the information about the availability of space in the parking lots and coordinates between the cars to monitor them to find free space for parking. It uses advanced technologies to aid cars to locate, pay and reserve for parking space. The sensors provides real-time information through changeable message signs to drivers.

The ultrasonic parking sensors uses sound waves to detect the obstacle whether the vehicle is in motion or at rest while the electromagnetic sensors uses magnetic waves to detect the obstacle. Electromagnetic sensors are self-diagnostic and are equipped with a maintenance system. Some of the major drivers of this market are related to the benefits of sensor parking which includes easy identification of vacant parking spaces, effectiveness in terms of time and cost savings related to fuel efficiency. The main factor that isrestraining the growth of this market islimited detection range of the sensors. The biggest opportunity for this market is the technological advancement in artificial intelligence which would make the system operator independent.

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Market Top Player’s
• Bosch
• DENSO
• Valeo
• Proxel
• Texas Instruments
• NXP Semiconductors
• Heraeus Sensor Technology
• Xvision
• Steelmate Automotive
• Steelmate

The study objectives of this report are:
• To analyze and study the global Parking Sensors capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Parking Sensors manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Market Segments

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Electromagnetic Parking Sensor
• Ultrasonic Reversing Sensor
By Application, the market can be split into
• Passenger Vehicles
• Commercial Vehicles
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
• North America
• Europe
• China
• Japan
• India
• Southeast Asia
• Other regions (Central & South America, Middle East & Africa)

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This release was published on openPR.